Sembcorp Energy India Limited (SEIL), a wholly owned subsidiary of Sembcorp Industries (Sembcorp), has recently won a new 400MW solar power project.
SEIL has won this bid through its renewables subsidiary, Sembcorp Green Infra, in a closely contested auction conducted by the Solar Energy Corporation of India.
SEIL has received a letter of award from SECI for the construction of a project in Rajasthan, a region in northern India. It will be linked to the state transmission utility Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The entire production of the project will be sold to SECI under a 25-year long-term power purchase agreement. It is expected to be ready for commercial operations by mid-2022. The project will be financed by a combination of internal funds and debt.
“Sembcorp is committed to providing sustainable solutions. We are pleased to secure the 400MW utility scale solar project in Rajasthan, another step towards transforming our portfolio. Sembcorp has an established track record in delivering world-class power projects. This is backed by our strong capabilities in development, execution and operations. India is a key market and we will continue to provide sustainable solutions to contribute to the nation’s clean energy mission.”Wong Kim Yin, group president & CEO, Sembcorp Industries.